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Suez Reports 13% Rise
In First-Half Net Profit

By

David Gauthier-Villars Dow Jones Newswires

Updated Sept. 8, 2005 5:42 a.m. ET

PARIS -- French water and energy conglomerate Suez SA Thursday reported a 13% jump in first-half net profit and said it will forge ahead with a proposed &euro;11 billion ($13.72 billion) takeover bid for its Belgian affiliate Electrabel SA.

Suez, one of the world's largest publicly traded utilities company, said it has launched a &euro;2.4 billion share issue designed to help it finance the purchase of the 50% interest it...